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LIQUIDITY, EARNINGS AND STOCK PRICES OF DEPOSIT MONEY BANKS LISTED IN NIGERIA USING LSDV APPROACH

Authors: OGBEBOR Peter , Awonuga, R., Oyamedan, , Okei David

Publication Type: Journal article

Journal: International Journal Of Advanced Research In Accounting, Economics And Business Perspectives

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Abstract

The nature of banking business is such that liquidity is a prime determinant of earnings. Very high levels of liquid assets (except as may be required by prudential guidelines) reduces the amount of income generating assets banks can create, hence, liquidity management is critical to banks' earnings. The effect of Liquidity and Earnings on Stock Prices in the case of Deposit Money Banks (DMBs) quoted in Nigerian has not been well researched, thus, this study focuses on this area of research for a period of ten (10) years (2010 – 2019). The population of the study is 15 deposit money banks listed on the Nigerian Stock Exchange and least squares dummy variable (LSDV) Model was used in analysing the data. Secondary data were sourced from the Annual Reports of the selected twelve (12) DMBs listed in Nigeria using purposive sampling technique. Both descriptive and inferential statistics were employed in the analyses. The results showed a positive and statistically significant relation between Earnings and Stock Prices while partial correlation was established between Liquidity and Stock Prices. The effect of COVID-19 significantly and negatively impacted stock prices in the short-duration of the on-going pandemic.

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OGBEBOR,P. Awonuga,,A.R Oyamedan,,N. Okei,D. . (2020). LIQUIDITY, EARNINGS AND STOCK PRICES OF DEPOSIT MONEY BANKS LISTED IN NIGERIA USING LSDV APPROACH, 4 (), 66-66.

OGBEBOR,P. Awonuga,,A.R Oyamedan,,N. Okei,D. . "LIQUIDITY, EARNINGS AND STOCK PRICES OF DEPOSIT MONEY BANKS LISTED IN NIGERIA USING LSDV APPROACH" 4, no (), (2020): 66-66.

OGBEBOR,P. and Awonuga,,A.R and Oyamedan,,N. and Okei,D. and . (2020). LIQUIDITY, EARNINGS AND STOCK PRICES OF DEPOSIT MONEY BANKS LISTED IN NIGERIA USING LSDV APPROACH, 4 (), pp66-66.

OGBEBORP, Awonuga,AR, Oyamedan,N, OkeiD, . LIQUIDITY, EARNINGS AND STOCK PRICES OF DEPOSIT MONEY BANKS LISTED IN NIGERIA USING LSDV APPROACH. 2020, 4 ():66-66.

OGBEBOR,Peter , Awonuga,,Adesola R., Oyamedan,,Nathaniel , and Okei,David . "LIQUIDITY, EARNINGS AND STOCK PRICES OF DEPOSIT MONEY BANKS LISTED IN NIGERIA USING LSDV APPROACH", 4 . (2020) : 66-66.

O.Peter A.Adesola R. O.Nathaniel & O.David , "LIQUIDITY, EARNINGS AND STOCK PRICES OF DEPOSIT MONEY BANKS LISTED IN NIGERIA USING LSDV APPROACH" vol.4, no., pp. 66-66, 2020.

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